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Property profile & analytics
OFF-MARKET
Retail space
117 Nassau St Lake City, FL 32025-4480
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4829863
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,149 SF
Lot
0.77 ac (33,680 SF)
Zoning code
*CG
APN
00-00-00-12733-000
UPID
US18-4829863
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fastenal Fulfillment Center Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Christopher Eugene Kent · 1 yrs held
Christopher Eugene Kent
since 2024
Last sale
$269,000
7 recorded transactions
Zoning & alternative use
*CG · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,969
Tax year 2023
Assessed value
$325,228
Assessed 2023
Previous assessed
$310,663
+4.7% YoY
Effective rate
2.14%
On assessed value
Assessed land
$134,720
Assessed improvement
$190,508
Land market value
$134,720
Improvement market value
$190,508
Total market value
$325,228
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
10
Total area
9,149 SF
Lot
0.77 ac (33,680 SF)
Zoning code
*CG
APN
00-00-00-12733-000
UPID
US18-4829863
Jurisdiction
COLUMBIA
Zoning & alternative use
*CG · Lake City, FL
Zoning *CG · permitted uses
*CG · Lake City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
10
Lot
0.77 ac
Current owner
From public records · entity-resolved
Christopher Eugene Kent
Individual
Mailing address
27822 23RD PL, BRANFORD, FL 32008-2101
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
$269,000
Christopher Eugene Kent
Serenityblock32 LLC
Warranty Deed
—
Aug 15, 2023
—
Serenityblock32 LLC
Jimmy Randall Martin
Warranty Deed
—
Oct 23, 2017
—
Jimmy R Martin
—
Deed
related
$251,122 · Peoples Bk
Jan 25, 2005
$6,000
Jimmy R Martin
Anjli U Mhatre Land Trust
Quit Claim Deed
related
—
Jan 25, 2005
$50,000
Jimmy R Martin
Williams,donald E
Quit Claim Deed
related
—
Jul 5, 2000
$100,000
Mhatre Trust
Lease Investors LLC
Trustees Deed
$312,000 · Mhatre Trust
—
—
Jimmy R Martin
—
Deed Of Trust
related
$448,500 · Peoples State Bank
—
—
Jimmy R Martin
—
Deed Of Trust
related
$343,905 · Peoples State Bank
—
—
Jimmy R Martin
—
Loan Modification
related
$251,122 · Peoples Bk
—
—
Jimmy R Martin
—
Deed Of Trust
related
$250,000 · Peoples State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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